<p>Mangaluru: Mangalore Refinery and Petrochemicals Limited (MRPL) Director (Refinery) Nandakumar V Pillai said that MRPL is running its refineries at 120 per cent of its capacity, and <a href="https://www.deccanherald.com/india/karnataka/bengaluru/auto-drivers-struggle-as-lpg-costs-surge-supply-dips-3951534">LPG </a>production has been increased by 30 per cent.</p><p>Speaking during a workshop on “Maritime Adversities and the Role of Stakeholders,” organised by the New Mangalore Port Authority in Mangaluru, he said that with the increase in LPG production, MRPL is now producing 45 lakh kg of LPG per day, which is approximately 10 lakh cylinders. </p><p>“Earlier, we were producing 35 lakh kg per day before the <a href="https://www.deccanherald.com/world/middle-east/trump-underestimated-irans-resilience-now-there-is-only-one-way-out-of-war-3951725">Iran-Israel war</a>,” he said.</p><p>The increase in oil prices in the international market is a major concern. “It was around 69 US dollars per barrel in February, which has now increased to 128 US dollars per barrel. Diesel is the costliest commodity in the international market today,” he said.</p><p>“MRPL is sourcing crude oil from wherever possible to ensure that the supply of crude and the functioning of critical infrastructure in the country continues,” he added.</p><p>Pillai said that more than the physical damage caused by the ongoing Iran–Israel war, it has created significant economic challenges for countries across the world.</p>.Commercial LPG prices hiked by Rs 195.5 amid soaring oil rates; second increase in a month since war.<p>Beyond the actual conflict zone, according to Pillai, economies worldwide are being affected. </p><p>"We are facing a major challenge with the skyrocketing of cargo insurance premiums. Earlier, premiums were around 0.25 to 0.3 per cent of the cargo cost. Now, they have increased to five to six percent of the cargo value, along with several riders with additional war risk premiums that is about Rs 100 crore per cargo," he said. </p><p>Uncertainties in loading windows and conflict-related disruptions have made operations unpredictable. "More than physical risks, we are now facing economic risks," he said. He added that through MRPL, NMPA received 346 vessels during 2025–26 and handled 23.4 million tonnes of cargo till midnight on March 31.</p><p>DK Deputy Commissioner Darshan H V inaugurated the workshop. </p>
<p>Mangaluru: Mangalore Refinery and Petrochemicals Limited (MRPL) Director (Refinery) Nandakumar V Pillai said that MRPL is running its refineries at 120 per cent of its capacity, and <a href="https://www.deccanherald.com/india/karnataka/bengaluru/auto-drivers-struggle-as-lpg-costs-surge-supply-dips-3951534">LPG </a>production has been increased by 30 per cent.</p><p>Speaking during a workshop on “Maritime Adversities and the Role of Stakeholders,” organised by the New Mangalore Port Authority in Mangaluru, he said that with the increase in LPG production, MRPL is now producing 45 lakh kg of LPG per day, which is approximately 10 lakh cylinders. </p><p>“Earlier, we were producing 35 lakh kg per day before the <a href="https://www.deccanherald.com/world/middle-east/trump-underestimated-irans-resilience-now-there-is-only-one-way-out-of-war-3951725">Iran-Israel war</a>,” he said.</p><p>The increase in oil prices in the international market is a major concern. “It was around 69 US dollars per barrel in February, which has now increased to 128 US dollars per barrel. Diesel is the costliest commodity in the international market today,” he said.</p><p>“MRPL is sourcing crude oil from wherever possible to ensure that the supply of crude and the functioning of critical infrastructure in the country continues,” he added.</p><p>Pillai said that more than the physical damage caused by the ongoing Iran–Israel war, it has created significant economic challenges for countries across the world.</p>.Commercial LPG prices hiked by Rs 195.5 amid soaring oil rates; second increase in a month since war.<p>Beyond the actual conflict zone, according to Pillai, economies worldwide are being affected. </p><p>"We are facing a major challenge with the skyrocketing of cargo insurance premiums. Earlier, premiums were around 0.25 to 0.3 per cent of the cargo cost. Now, they have increased to five to six percent of the cargo value, along with several riders with additional war risk premiums that is about Rs 100 crore per cargo," he said. </p><p>Uncertainties in loading windows and conflict-related disruptions have made operations unpredictable. "More than physical risks, we are now facing economic risks," he said. He added that through MRPL, NMPA received 346 vessels during 2025–26 and handled 23.4 million tonnes of cargo till midnight on March 31.</p><p>DK Deputy Commissioner Darshan H V inaugurated the workshop. </p>